Assessing impact of global corporate tax rate on multinational companies

Assessing impact of global corporate tax rate on multinational companies

In the context of globalisation with the explosion of the digital age, nearly 140 member countries of the Inclusive Framework Forum from the Organisation for Economic Co-operation and Development (OECD), including Vietnam, have agreed to implement a historic global minimum tax (GMT) regime, referred to as Pillar 2.
Nation urged to prepare for tax overhaul

Nation urged to prepare for tax overhaul

Tax incentives have always been a key factor in attracting foreign direct investment into Vietnam. However, concerns are arising as a global minimum tax agreement threatens to shake up the entire system and, therefore, foreign funding prospects.
Vietnam will raise special consumption tax on cigarettes, beer, and spirits

Vietnam will raise special consumption tax on cigarettes, beer, and spirits

Cigarettes, beer, and spirits in Vietnam will be subject to an increased special consumption tax (SCT)
Businesses seek stable tax policies for sustainable recovery in new normal

Businesses seek stable tax policies for sustainable recovery in new normal

Beverage businesses are calling for no tax increase to support them in the recovery path ahead, thus enabling them to develop more sustainably and contribute more to socioeconomic development.
Tax system reform strategy to 2030 approved

Tax system reform strategy to 2030 approved

Deputy Prime Minister Le Minh Khai has approved reforms to the tax system.
Nations strive to unite on tax collection

Nations strive to unite on tax collection

Vietnam is being urged to stay current on the changing tax landscape and keep an eye on the broader global picture as the world continues to debate a far-reaching minimum corporate tax rate.
VIB posts pre-tax profit of nearly $100 million in Q1

VIB posts pre-tax profit of nearly $100 million in Q1

Vietnam International Bank (VIB) has announced its pre-tax profit of nearly $100 billion in the first quarter, up 26 per cent on-year.
Tax authorities double down on cross-border compliance

Tax authorities double down on cross-border compliance

A fresh tax scheme by the General Department of Taxation is focusing on overseas providers engaging in cross-border activities without a physical presence in the country, helping to alleviate their tax compliance puzzles in Vietnam.
Keeping an eye on the economic dangers still ahead

Keeping an eye on the economic dangers still ahead

It has been nearly three months since Vietnam implemented a VAT reduction from 10 per cent to 8 per cent with Decree No.15/2022/ND-CP dated January 28 on prescribing tax exemption and reduction, together with a corporate income tax (CIT) deduction for companies.
MoF ponders plan to limit speculation

MoF ponders plan to limit speculation

Concerns are being raised about the proposal to increase taxation imposed on real estate transactions and leasing and whether it could be an effective tool to prevent real estate speculation.
Vietnam collects $217 million in tax from cross-border business and foreign tech giants

Vietnam collects $217 million in tax from cross-border business and foreign tech giants

Minister of Finance Ho Duc Phoc said that the ministry has been proactive in collecting the tax revenue associated with cross-border e-commerce and tech giants.
No policy for draft law on property tax

No policy for draft law on property tax

The Ministry of Finance made an announcement on March 14 stating that there is currently no policy in place to prepare a draft law on real estate taxation.
Ministry proposes cutting 50 percent of environmental tax on petrol

Ministry proposes cutting 50 percent of environmental tax on petrol

The Ministry of Finance said it has completed the National Assembly Standing Committee’s draft Resolution on the adjustment of environmental protection tax rates for gasoline, oil, and grease, which is set to become effective from April 1 to the end of December 31 this year.
Vietnam to import additional petroleum and adjust tax

Vietnam to import additional petroleum and adjust tax

Increasing petroleum imports and raising related taxes is deemed an effective solution to offset the shortfall in domestic output.
Taxation and credit restrictions to combat real estate speculation

Taxation and credit restrictions to combat real estate speculation

More initiatives from the government to develop the real estate industry, particularly taxation and credit limitation, are believed to lay a foundation for curbing land speculation, maximising residential properties and creating a set of diversified finan
|< < 1 2 3 4 > >|